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Irrespective of the market sentiment, the BSE Sensex is scaling new highs. But look around you.

How many investors do you still see getting richer every day? Fewer than what you saw at the start of the year? Very few?

Well, the Sensex has gained Rs 60 trillion in market cap since 2004. That's a huge number. Nearly a third of the country's GDP. But how many investors have really benefitted from this rally? Very very few.

Globally, Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.4%, while the Shanghai Composite led the Hang Seng lower. They fell 0.4% and 0.2% respectively. European markets are higher today with shares in Germany leading the region. The DAX is up 0.9% while London's FTSE 100 is up 0.7% and France's CAC 40 is up 0.6%.

The rupee was trading at Rs 68.57 against the US$ in the afternoon session.

In the news from the aviation sector. The air travel demand in India continues to be high with the domestic air passenger traffic registering a growth of 18.4% in the month of June 2018.

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According to the Directorate General of Civil Aviation (DGCA) data, domestic airlines flew 11.3 million passengers in June, over to 9.6 million passengers carried in the same period last year.

The data report also showed that the domestic air passenger count has rose 22% during January-June 2018.

Indian airlines carried 68.5 million passengers during period under review as against 56.2 million during the corresponding period of previous year.

Besides, in terms of passenger load factor (PLF), SpiceJet were leading among all with 93.3% PLF during the month of June 2018, followed by Go Air (88.6%) and IndiGo (88.3%).

In terms of on time performance (OTP), IndiGo has taken again lead from the rest with 84.1% of its flights arriving and departing as per schedule from four metro airports, Mumbai, Delhi, Hyderabad and Bengaluru, followed by SpiceJet (81.2%) and Jet Airways+JetLite (78.8%).

During June 2018, a total of 677 passenger related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried for the month of June 2018 has been around 0.6.

Moving on to the news from the cement sector. Ultratech Cement share price fell over 1.3% after the company started off the financial year 2018-19 on a weak note as profit during the April-June quarter fell 32.9% to Rs 5.98 billion due to dismal margin performance.

Bottomline numbers for the quarter ended June 2017 stood at Rs 8.9 billion.

The company had acquired cement plants from Jaiprakash Associates and Jaypee Cement Corporation on 29 June 2017. Hence the figures for the three months ended 30 June 2018 are not comparable with the previous corresponding periods.

Revenue from operations grew by 30.6% to Rs 86.6 billion compared to Rs 66.3 billion in same period last fiscal.

Sales volume in Q1 jumped 34% to 16.8 million tonnes YoY.

The company said notwithstanding the hike in fuel prices, it achieved an operating EBITDA of Rs 929 per tonne compared to Rs 922 per tonne in Q4FY18.

Key concerns highlighted by the company in its filing are rising cost pressures, likely increase in interest rates and sluggish demand in the Tier-II and III urban housing and commercial segment.

Meanwhile, UltraTech said board has approved a scheme of arrangement amongst Century Textiles and Industries, the company and their respective shareholders and creditors. Century will demerge its cement business into the company.

Century's cement business consists of three integrated cement units in Madhya Pradesh, Chhattisgarh and Maharashtra and a grinding unit in West Bengal.

As per the scheme, UltraTech will issue one equity share for every 8 equity shares of Century to the shareholders of Century.

Stock Market Updates

NCC LTD share price has surged by 6% and its current market price is Rs 90. The BSE REALTY is up by 3.0%. The top gainers in the BSE REALTY Index are NCC LTD (up 5.6%) and DLF LTD (up 6.9%). The top losers is OBEROI REALTY (down 0.3%).

The BSE REALTY Index has hit an all-time high at 1,896 (up 2.9%). Among the top gainers in the BSE REALTY Index today are DLF LTD and INDIABULLS REAL EST. Meanwhile, the BSE Sensex has surged 0.3% to 36,500.

VIJAYA BANK share price has surged by 5% and its current market price is Rs 46. The BSE BANKEX is up by 0.6%. The top gainers in the BSE BANKEX Index is VIJAYA BANK (up 5.1%). The top losers are KOTAK MAH. BANK (down 0.3%) and INDUSIND BANK (down 0.3%).

MARICO LTD share price has hit a 52-week high. It is presently trading at Rs 389. BSE 500 Index is up by 0.7% at 14,657. Within the BSE 500, MARICO LTD (up 1.7%) and NAVKAR CORP. (up 12.1%) are among the top gainers, while top losers are RELIANCE COMMUNICATIONS and RELIANCE NAVAL & ENGINEERING LTD.

SIEMENS share price has surged by 6% and its current market price is Rs 1,036. The BSE CAPITAL GOODS is up by 0.8%. The top gainers in the BSE CAPITAL GOODS Index are SIEMENS (up 5.6%) and NBCC (INDIA) LTD (up 9.6%). The top losers are CARBORUNDUM UNIVERSAL (down 0.6%) and ELGI EQUIPMENTS (down 1.1%).

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